The financial cost of Covid could jump for many non-essential retailers, given a second High Court ruling over rent arrears. Retail group Frasers has been ordered to pay rents accrued since the start of the pandemic.
The beauty giant unveiled its new growth strategy at an investor event on Friday, revealing plans to reposition brands in its consumer beauty and skincare portfolios, and accelerate growth in prestige, China and digital.
The professional beauty supplies seller announced on Friday that it has appointed Brenda Rutenber as group vice president of stores and promoted Maryann Herskowitz to group vice president of merchandising.
In a worrying development for retailers — but not their landlords — the UK's High Court has backed the joint venture partner of Unibail-Rodamco-Westfield against The Fragrance Shop in a dispute over unpaid rent.
Fenwick has a new non-executive chairman. Simon Calver has been appointed to help steer the family-owned UK department store chain through a series of sweeping changes, specifically its e-tail operations.
Hermès had a good first quarter as all of its business lines returned to growth and the company said it saw "a remarkable increase" in ready-to-wear and accessories, as well as watches and other categories.
According to a study from market research company Mintel, 63% of Americans are inspired by beauty brands that show diversity in advertising, highlighting the growing importance of inclusivity in the cosmetics industry.